2, GIB LANE, HOGHTON, PRESTON, PR5 0RU - £445,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 GIB LANE is a large extended detached house of 202m², built sometime between 1930 and 1949. It was last sold for £445,000 in May 2014, which was around 106% above the average May 2014 detached price in the Chorley local authority area. The most recent EPC inspection was August 2012, where the current energy rating was D, and the potential energy rating was C.

2 GIB LANE Sold Prices

Land registry data shows two sales for 2 GIB LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Chorley local authority area for the corresponding sale date. Both of the two 2 GIB LANE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2014 9 MAY	£445,000	£216,052	106% above HPI
2001 1 OCT	£234,000	£110,726	111% above HPI

2 GIB LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Chorley local authority area over time, sourced from the HPI. The two 2 GIB LANE sales from October 2001 and May 2014 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the October 2001 sale was for 111% above the HPI. So the extrapolation line tracks at 111% above the HPI over time, until the May 2014 sale, where it falls to 106% above the HPI. The line then continues to track at 106% above the HPI.

How Large is 2 GIB LANE?

2 GIB LANE is 202m², which includes two extensions, according to the EPC inspection conducted in August 2012. This puts it in the largest 30% of detached houses in Hoghton, based on EPC data. The below chart shows the distribution of detached houses by size in Hoghton, and where 2 GIB LANE lies on this distribution: 74% of detached houses are smaller than 2 GIB LANE, and 26% of houses are larger. Note that EPC data is not available for all properties in Hoghton.

2 GIB LANE: Plot and Title Map

2 GIB LANE sits on a plot of roughly 0.166 of an acre, or 673m². The below map shows the location of 2 GIB LANE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 2 GIB LANE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 2 GIB LANE?

2 GIB LANE is located in HOGHTON, in the PR5 postcode district. The below map shows the position of No. 2 on GIB LANE.